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localhost problem

hello all,
i am new here and i was hoping someone may know how to solve this puzzler of mine:

i am creating a web service at the moment and found a little problem when trying to test it. i am testing through a browser using:http://localhost/(webservice here)
the problem is that "localhost" wont run. i can use 127.0.0.1 just fine, i can also use my IP address just fine.
for some reason the "localhost" name is no longer mapped to my computer even though I have used it in the past.